False Prophets of Economics Imperialism: The Limits of Mathematical Market Models

Author:   Prof. Matthew Watson (University of Warwick)
Publisher:   Agenda Publishing
ISBN:  

9781788217668


Pages:   312
Publication Date:   25 July 2024
Format:   Hardback
Availability:   In Print   Availability explained
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False Prophets of Economics Imperialism: The Limits of Mathematical Market Models


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Author:   Prof. Matthew Watson (University of Warwick)
Publisher:   Agenda Publishing
Imprint:   Agenda Publishing
Dimensions:   Width: 15.60cm , Height: 2.80cm , Length: 23.40cm
ISBN:  

9781788217668


ISBN 10:   1788217667
Pages:   312
Publication Date:   25 July 2024
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

Introduction: economics imperialism and social science 1. Setting the scene: scientific unification through the use of mathematical models 2. True in the model versus true in the world: mathematical postulation, proof-making activities and economic theory 3. The autonomy of the world within the model: philosophical reflections on hypothetical mathematical modelling in economics 4. Marginalism as proto-imperialist move 1: Jevons and the search for enumerated principles of economic behaviour 5. Economization as proto-imperialist move 2: Robbins and the search for an analytical definition of economics 6. Maximization as proto-imperialist move 3: Samuelson and the search for operationally meaningful mathematical theorems 7. Axiomatization as proto-imperialist move 4: Arrow–Debreu and the search for economically meaningful existence theorems Conclusion: metamathematical limits to economics imperialism

Reviews

The most thorough and persuasive account that exists of the origins of the cognitive authority of modern economics – and the sometimes rather tenuous claims on which that authority rests. A brilliant achievement that could really only have been written by Matthew Watson but which we can all learn from. -- Colin Hay, Sciences Po, Paris False Prophets of Economics Imperialism is a tour de force! It challenges the economics orthodoxy with sharp interrogations, multidisciplinary insights and careful and robust analysis of the history of the dismal discipline and its dominance of our academic and policy worlds today. This authoritative book should be read by anyone interested in how mathematical modelling came to rule the roost in economic thinking and policymaking, and why this should not be the case. -- Shirin Rai, SOAS, University of London


Author Information

Matthew Watson is Professor of Political Economy in the Department of Politics and International Studies at the University of Warwick, UK. His books include Foundations of International Political Economy (2005), The Political Economy of International Capital Mobility (2007) and Uneconomic Economics and the Crisis of the Model World (2014).

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